Myantman101

Room To Fall

Short
NASDAQ:TSLA   TESLA INC
Tesla has plenty of room to fall closer to support. Support which is at $571 and a declining candle pattern following bearish divergence, sell signals, and growing divergence on MACD all point to why I have decided to short TSLA . With an RSI of 71 I could not keep my hands off. Which is why I bought a put for $500 a share by 12/11. I do not expect it to fall that low, especially with support being at $571 but I believe the downward decline we will see this week can bring me a 100% return. Up 25% from Friday. I may be selling tomorrow if price declines steep enough.

Comments

you have decided to short tsla which has to still be bought up by the indexes by or before dec 21..... why would any reasonable share holder sell before that date .... knowing that the demand is guaranteed
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Myantman101 GracefulJoey
@GracefulJoey, You were saying?
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GracefulJoey Myantman101
@Myantman101, 600+ by the end of the day lol nice work though
+1 Reply
GracefulJoey GracefulJoey
@GracefulJoey, :) Although it was very much a surprise as to how far down it reached.
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Myantman101 GracefulJoey
@GracefulJoey, Almost hit $560, Took a small profit. Haven't been rigorously watching the markets due to my full time job. Made a ton of money in November with options. Looking forward to my November Statement.
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